Without funding, your not even in the game

After owning my own business for eight years, with 15 employees I have learned a lot about the business side of running a business. So when I decided to expand my five year residential resale real estate (Re/Max) business into real estate investing, I knew I couldn't just jump into it willi-nilli like so many other investors do. I had to get educated, I had to network, I had to ask questions and I had to trust that the "experts" wouldn't take advantage of the newby. 

So after overcoming a bad case of analysis paralysis, I found I was still missing the most important piece of the puzzle, funding. I have learned about marketing to buyers and sellers, different acquisition strategies and methods, exit strategies, property management, and rehab estimating but no clue how to find a funding partner.

The guru's tell us that you make your money when you buy, and you realize your money when you sell. But in my case, the most difficult piece of the puzzle has been acquiring funding. Sure, hard money is easy to obtain if the deal makes sense, but you often pay out a large portion of your spread to them making them in my opinion not a sensible option. That being said, I am still not even in the game!!!

I recently added another "program" to my library of courses, this one on obtaining funding. So as I execute the new strategies and methods for obtaining private money, hopefully and prayerfully I will be in the game in 2016. 

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